Everyone must be wondering where this "unprecedented global financial crisis", (the World Bank's words), is heading. What follows, for what they are worth, are my cogitations on this crisis. Words: 1641
Read More »A Full-blown International Bond & Currency Crisis is Approaching – Fast! Here’s Why (+2K Views)
Over the past two months stock markets have crashed around the world and gold prices have soared as global investors decided that the U.S. has lost its race against time. A new recession is upon us before we even half-closed the output gap left open from the last recession. It means even larger deficits and an even weaker dollar. The price of gold and Treasury bonds is telling us that a full-blown international bond and currency crisis is approaching. There is no international policy mechanism available to stop the panic short of re-opening the gold window that the U.S. closed unilaterally and “temporarily” in 1971. [Let me explain.] Words: 3025
Read More »Some Questions (With Answers) About the Future Price of Gold
The gold price has enjoyed an advance of [approx. $100 since the end of September so] we are probably facing some profit taking and correction, right? Not exactly. Words: 693
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